Investor relations

We pride ourselves on providing value for money and a happy shopping experience to customers and communities across southern Africa. Our product offering spans food, groceries, tobacco products, beauty products and other general merchandise as well as value-added financial services. With many of our stores located in small rural areas, to suit every budget, we offer an extensive range of private label Choppies products alongside well-known brand products.

Integrated annual report 2022

Our latest integrated annual report is our sixth and provides a holistic view of the Company and its performance.

Download the report

Our investment case

Market-leading and strong brand

Largest private sector employer in Botswana

Significant market share in regions in which we operate

Strong private label brand

Economic value creation

Customer and shared-value approach

Political and economic stability in largest market

Return on capital exceeds WACC

Optimised distribution infrastructure and strong operational expertise

Broad consumer market serving all income groups

Quality relationships supporting a sustainable food system

Diversified earnings in terms of product categories and currency earnings

Digital journey started for paperless retail

2023 figures

Group retail sales up 
6.5% to BWP6 433 million

(2022: BWP6 042 million)

Group operating profit (EBIT) down  
1.8% to BWP274 million

(2022: BWP279 million)

Group profit after tax up 
3.4% to BWP150 million

(2022: BWP145 million)

Group earnings per share up 
4.8% to 10.9 thebe

(2022: 10.4 thebe)

Group net cash generated from operating activities  
4.5% to BWP484 million

(2022: BWP463 million)

Group headline earnings per share down  
7.5% to 11.1 thebe

(2022: BWP12.0 thebe)

Group EBITDA down  
10.2% to BWP467 million

(2022: BWP520 million)

Group adjusted* EBITDA down  
3.4% to BWP489 million

Investor calendar

  • FY2023 annual results announcement
    September 2023

  • AGM for June 2023
    22 November 2023

  • Interims December 2023
    1st week March 2024

  • Next interim results announcement
    March 2023

View our reporting archive

Financial archives

  • Condensed Audited Group Financial Results for the year ended 30 June 2023


  • Annual financial statements 30 June 2023


  • Interim results announcement for the six months ended 31 December 2022


Shareholder information

Registration number:
Share code: CHOPPIES
Reuters code: CHOPP.BT
Listing date: January 2012
JSE ISIN: BW0000001072
Share code: CHP
Listing date: May 2015
Total shares in issue after JSE listing: 1 291 628 341

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